Treacy: Years ago an Indian friend of mine claimed that Giffin effects
were evident in India in the 1944 famine. The higher the price of
grain in urban areas the smaller the supply that came in from the
country side. The higher income effects made it possible for the
reservation demand for food to be met and still met your payments
to the money lenders.
[EMAIL PROTECTED] copyrighted
On Wed, 18 Sep 1996 [EMAIL PROTECTED] wrote:
> Does anyone know of empirical examples of Giffin goods, either in
> case of a price increase or of a price decrease?
> Jesse Vorst, Economics & Labour Studies, UoManitoba, Winnipeg, Canada
>
